I'm looking for some recommendations for an on-line broker. I'm new to stocks after about 6 years of mutual funds. I've received info from E Trade, DATEK, Ameritrade and a few others and they seem pretty similar from what I can see. I'd appreciate any recommendations - the kind of word of mouth stuff you can't get from company propganda - about any of these.Thanks,Tom
Hi Tom,on Aug, 9 I posted the following message (#16461) to the board after spending a lot of time reading a lot of messages on the "Discount Broker" issue.Reading a lot of messages of this board I found a link to Donald Johnson's pagewww.sonic.net/donaldjThere is a large amount of information about online brokers on his pages which are by the way free of ads.If you are new to the "how to select an odb" question first read his web contribution before getting bored with all those complaints on a specific broker on this board.(End of message 16461)(I actually don't know how to post the old text as a reply, so I cut and pasted it)On that message I got a reply (#16485) with a bunch of internet addresses all concerning about broker rankings. Meanwhile I studied all those and Don Johnson's still is my favorite. But all are good ones but come to different rankings.The overwiew that is easiest to read you will find onwww.kiplinger.comI think you first have to define your expectations in a Discount Broker. For example, if you are a day-trader, low commisions, online reliability and fast order executions are very important, which are not for a long term investor.By the way, I opened an account with WebStreet Securities and have no complaints at all. They have intermediate commissions ($14,95 for market and limit orders) and offer all kinds of equities incl. Options (on which they are number 4 in commissions according to Don Johnson). Unlimited real time quotes are also available.Because I'm a German resident features like phone responsiveness, touchtone trading or sophisticated account management didn't play any role for me selecting a broker in the US. I don't trade on margin as well, so margin rates are secondary and so on....MartinFrankfurt, Germany
A good place for information for comparison on brokers is http://www.xolia.com.
A good place for information for comparison on brokers is http://www.xolia.com. I just spent a lot of time on the site and found it very helpful. Thanks to those who suggested it. Chuck
http://www.xolia.com. Is out of date, and does not reflect added services and, added features of many brokers.Suggest you vist the broker's site to get up to date information.Brokers are adding new features and upgrades faster than the people who rate can illustrate.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra